German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the Continue Reading
Russia’s economy is on course to contract in two consecutive years for the first time since the collapse that followed the Soviet breakup three decades ago, according to a Bloomberg Continue Reading
President Vladimir V. Putin’s demand on Wednesday that “unfriendly countries” like the United States, Britain and the European Union members pay for Russian natural gas in rubles has raised questions as to Continue Reading
OPEC: EU oil embargo on Russia to hurt consumers. OPEC+ and OPEC have not officially commented on the Russian invasion of Ukraine. Nothing is off the table about additional EU Continue Reading
As part of drafting contingency plans to meet natural gas demand, the European Union is currently assessing all scenarios, including the possibility of a halt in Russian gas supply to Continue Reading
Compounding ongoing supply chain concerns, Russia’s war on Ukraine is posing a major problem for the auto industry. The industry has already spent the past two years trying to catch Continue Reading
China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market. Unlike India’s state-run oil refiners, which have issued a number of Continue Reading
Chinese internet users called it a “proxy war”: three weeks ago, two pensioners in a Shanghai park got into a fight over the Ukraine conflict that left Russia backing Shen Continue Reading
Geely is examining its future in Russia, casting doubt on expectations that China’s carmakers would push further into the country to take advantage of the exodus of international groups following Continue Reading
Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas in roubles, in the latest jolt to global Continue Reading
